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Home | Parametric Insurer Skip to main content Parametric Insurer from Reuters The Insurer The Insurer TV Cyber Risk Sustainable Program Manager E&S Parametric Data Hub Sign in Subscribe News Digital Editions About Us Partners Subscribe DOA Underwriting unveils enhanced flight delay cover with Blink Parametric Arbol partners with Pollen Systems to enhance risk assessment and claims processes Munich Re secures $220 million aggregate capacity for pandemic consortium ARC to 'draw lessons' after Ghana payout takes seven months to reach drought victims Aon triples LatAm and Caribbean parametrics team in 18 months as demand grows February 13, 2026 Aon has tripled the size of its Latin America and Caribbean parametric team over the past 18 months as the broker develops new products to address growing commercial and personal lines demand while also helping close the protection gap. Parametrix adds trio in US team build-out following fundraise February 12, 2026 Analytics firm and MGA Parametrix have unveiled a trio of new appointments to support growing demand for cyber, contingent business interruption and data centre insurance solutions in the U.S. Philippines' crop insurer to form agri-insurance pool February 11, 2026 Government-owned Philippine Crop Insurance Corporation is setting up an agri‑insurance pool to cover high‑value crops, fisheries and possibly livestock, while also preparing to scale up parametric typhoon coverage after a successful pilot, vice president Sem Cordial told The Insurer. Latest Articles Mantas targets global parametric digital risks portfolio after MENA launch Basis risk misconceptions continue to affect parametric market Insurer pullback after LA wildfires boosts demand for parametric cover Munich Re launches parametric coverage for future pandemics Dubai startup Mantas raises $1.77 million to insure cloud risks Parametric Insurer from Reuters Welcome to this month's edition of Parametric Insurer, your monthly digest of news and analysis in parametrics and alternative risk transfer. Download full edition More Articles Apollo and ZenHedge launch parametric freight expense cover Descartes launches data center parametric cover CelsiusPro partners with Ecom to design parametric policy for Indonesian coffee farmers Parametric uptake increased in the softening reinsurance market at 1.1 Liberty Mutual Re signs parametric insurance pact with European Space Agency Exclusive: Augment placed $250 million of LatAm parametric limit in December as carriers sought second-event cover post-Melissa Parametric travel startup WeatherPromise raises $12.8 million in Series A funding Stonybrook's Butzbaugh becomes global parametric practice leader Generali to promote parametric coffee covers in Africa under Italy-funded project Analysis & Commentary Showing stories 1 to 3 of 20 Basis risk misconceptions continue to affect parametric market The parametric risk transfer market has changed a lot since its modern history began around 30 years ago, but one of the principal objections to parametric products has not. Parametric uptake increased in the softening reinsurance market at 1.1 The uptake of parametric reinsurance covers increased at the January 2026 renewals, several brokers and parametric specialists said, as they were used to replace some layers of traditional reinsurance, fill coverage gaps and compete with the industry loss warranty (ILW) market. The new normal for parametric risk transfer in 2026 After years of accelerated growth in parametric natural catastrophe business, market dynamics changed in 2025. Public and private sector see parametric payouts from Hurricane Melissa After the peak months of the Atlantic hurricane season passed with minimal losses, Hurricane Melissa reminded everyone that it is not over until it is over. Parametric covers adapt for third-party recognition Insurance is often purchased not because someone wants coverage, but because someone else requires them to be covered. 'Embryonic' solvency benefit from parametric covers could unlock more reinsurance demand Carriers that purchase parametric reinsurance are increasingly securing solvency benefit from the transactions, according to parametric market participants. Progress on structures draws more cedants to parametric reinsurance Advances in parametric coverage, from more bespoke structures to additional perils, are enabling more cedants to consider index-based reinsurance covers for a variety of property catastrophe exposures. Parametric covers become more relevant in reinsurance Some of the earliest parametric natural catastrophe covers were bought by insurers and reinsurers looking to transfer peak peril risks from their portfolios. Mexican state Oaxaca's $21 million parametric policy likely triggered by Hurricane Erick The Mexican state of Oaxaca is likely to receive a multimillion-dollar payout on its hurricane insurance policy after Hurricane Erick appeared to breach the parametric trigger, analysis by Parametric Insurer shows. Softening property market distinguishes strategic from opportunistic buyers of parametric Softening property market conditions at the June 1 (re)insurance renewals brought mixed experiences for companies selling parametric natural catastrophe coverage. Parametric market grapples with changing value proposition Over recent years, much of the demand for parametric natural catastrophe coverage came from organisations facing challenging property insurance renewals in North America. 2025 marks a definitive change as a soft market sets in. More insurers turn to parametric reinsurance, survey finds The demand for parametric reinsurance remained smaller than demand for commercial parametric insurance in 2024 but is growing more quickly, accordingly to a survey of senior market participants conducted by Parametric Insurer. London market insurers pile in on parametrics The London market has often been at the forefront of covering risks too complex or unusual for standard insurance products. In recent years, these have included some parametric policies. North America remains the focus of parametric premium growth The adoption of parametric coverage is growing fastest in North America, the region where it is already most widely used, according to a survey of senior market participants conducted by Parametric Insurer. Uninsured outage losses targeted by new insurance covers While insurance can cover certain losses from power outages, last week's blackout in the Iberian Peninsula has highlighted gaps in traditional coverage that non-standard policies could address. Severe convective storm among fastest-growing parametric covers in 2024, survey finds Parametric premium growth in 2024 was most pronounced for natural catastrophe perils, according to a survey of senior market participants conducted by Parametric Insurer. The varied factors driving demand for parametrics Although the various tools included in the category of parametrics have some things in common, the factors behind their adoption are not always the same. US public agency layoffs put details of parametric trigger data in focus Following concern about the effects of job cuts to U.S. weather and seismic information agencies, Parametric Insurer analyses the parametric insurance market's reliance on their data. California wildfires not expected to trigger Mercury General's parametric reinsurance Mercury General has revealed that its catastrophe reinsurance program includes a small parametric component on which it does not expect to make any recovery in relation to the recent California wildfires. Land and expand Early adopters choosing to increase or broaden their use of parametric risk transfer are likely to be an important source of growth for the parametric market in the coming years. Nat Cat Insurer pullback after LA wildfires boosts demand for parametric cover Parametric uptake increased in the softening reinsurance market at 1.1 Exclusive: Augment placed $250 million of LatAm parametric limit in December as carriers sought second-event cover post-Melissa Exclusive: FloodFlash CEO Rimmer exits following NormanMax acquisition ILW market expected to return to growth in 2026 after shrinking in 2025: Howden Re Aon flags parametric rate reductions at 1.1 and recent Starbucks placement Agriculture Showing stories 1 to 3 of 20 Philippines' crop insurer to form agri-insurance pool Government-owned Philippine Crop Insurance Corporation is setting up an agri‑insurance pool to cover high‑value crops, fisheries and possibly livestock, while also preparing to scale up parametric typhoon coverage after a successful pilot, vice president Sem Cordial told The Insurer. Generali to promote parametric coffee covers in Africa under Italy-funded project Generali has signed a joint declaration with the United Nations Industrial Development Organisation to promote the sustainable development of coffee production in Africa, the organisations said on Monday. Aon flags parametric rate reductions at 1.1 and recent Starbucks placement Aon has seen "meaningful rate reductions" on parametric programs at 1.1 renewals, the broker said in its January 2026 Reinsurance Market Dynamics report on Monday, as it named Starbucks as a recent parametric client. Colombia rainfall triggers $4.5 million in parametric payouts to coffee farmers Heavy rainfall in Colombia triggered $4.5 million in insurance payouts to coffee producers earlier this year under a parametric programme provided by Blue Marble in partnership with Nespresso, the insurtech said on Wednesday. Seadrif working with Howden on agriculture risk finance facility Regional risk pool Southeast Asian Disaster Risk Insurance Facility said it was working with Howden on a new facility for agriculture risk finance in the region as it provided more details on the initiative's progress. Tokio Marine buys commodity risk specialist CIH for $970 million Japanese insurer Tokio Marine has signed a definitive agreement to acquire Commodity & Ingredient Hedging for $970 million, the company announced on Friday. MS Re appoints Tüller and Iturrioz as lead underwriters for agriculture MS Reinsurance has appointed Marc Tüller and Ramiro Iturrioz as lead underwriters in its agriculture underwriting team, the Switzerland-based reinsurer announced on LinkedIn. Government-subsidised insurance pays out to farmers in Jamaica after Hurricane Melissa Farmers in Jamaica have received payouts from government-subsidised parametric insurance policies that were triggered by Hurricane Melissa, insurer GK General Insurance (GKGI) and a government news agency said. Parametric agriculture covers are getting smarter: Willis’ Roberts The parametric insurance market has been “getting smarter and smarter” in providing coverage for the food and beverage supply chain, Willis’ Julian Roberts said, highlighting the increased use of crop simulation models. Philippines launches parametric cover for fishers with Willis, NDF The Philippines has launched its first parametric insurance solution for small-scale fishers, in partnership with global conservation group Rare and Willis, the broker said on Wednesday. African Risk Capacity has sought to recapitalise following 2024 loss African Risk Capacity (ARC) paid record claims in 2024 and the company has since sought to recapitalise, according to its integrated annual report published on Thursday. ISF developing parametric cover for coffee farmers in Peru The InsuResilience Solutions Fund (ISF) has announced it is supporting the development of a parametric insurance solution for smallholder coffee farmers in Peru. Ecuador pilots parametric agriculture covers after regulatory changes Ecuador's Ministry of Agriculture, Livestock and Fisheries has launched a pilot weather index insurance initiative after the country's legislature backed regulatory changes that introduced provisions for parametric insurance. Claims specialist Saretec acquires parametric agriculture startup GreenTriangle GreenTriangle, a Swiss startup providing technology for crop insurance including parametric covers, has been acquired by French claims specialist Groupe Saretec. $5.4 million in parametric payouts triggered by Mozambique drought and cyclone Mozambique has become the latest country to receive a drought insurance payout from regional risk pool African Risk Capacity (ARC) for the 2024/25 season, while the World Food Programme (WFP) has also received payouts to support the country's response to the drought and last December's Cyclone Chido. Parametric cover to protect incomes of Sri Lanka fishermen in unsafe weather Sri Lankan insurer HNB General has launched a parametric insurance product for fishermen unable to work in extreme weather, its partner telecommunications company Dialog Axiata said on Friday. Philippines' state-owned crop insurer to offer parametric typhoon cover Government-owned insurer Philippine Crop Insurance Corporation is set to provide parametric typhoon coverage to farmers from this year, the country's Department of Agriculture said on Thursday. Tonga opts to include drought as it increases PCRIC coverage The government of Tonga has committed to renew its parametric catastrophe insurance policy with the Pacific Catastrophe Risk Insurance Company, increasing its premium contribution and adding coverage for drought risk, the regional risk pool said. Syria drought triggers $7.9 million payout to World Food Programme The World Food Programme has received a $7.9 million payout from a parametric drought insurance policy for Syria developed with Howden, Hiscox and Swiss Re, WFP's lead advisor for climate and disaster risk financing and insurance said on Friday. ISF supports expansion of agriculture insurance in Ethiopia The InsuResilience Solutions Fund (ISF) said it would support the expansion of an insurance scheme in Ethiopia to cover two million farmers. Viewpoint Parametric solutions: A strategic addition to captive programs Sophisticated risk managers leverage parametrics to help address earthquake aggregation risk NSEM putting Safehub’s sensory offerings into practice with aplomb Leveraging analytics to structure more precise parametric programs Safehub gives traditional parametric offerings a cutting edge CelsiusPro doubling down on technology and innovation to put parametrics centre stage Cat bonds and ILS Asian Development Bank plans cat bond for Kyrgyz Republic and Tajikistan Full $150 million cat bond payout for Jamaica confirmed after Hurricane Melissa Full payout on $150 million Jamaica cat bond 'most likely' after Melissa: Twelve Securis Full exhaustion of Jamaica's $150 million cat bond 'likely' as Melissa approaches: Icosa Parametric insurance continues to prove case for pre-arranged financing despite Beryl cat bond miss Combination of disaster insurance and adaptation financing can help communities build resilience: UNDRR paper People Moves Showing stories 1 to 3 of 20 Parametrix adds trio in US team build-out following fundraise Analytics firm and MGA Parametrix have unveiled a trio of new appointments to support growing demand for cyber, contingent business interruption and data centre insurance solutions in the U.S. Stonybrook's Butzbaugh becomes global parametric practice leader Boutique (re)insurance investment banking, broking and advisory company Stonybrook Capital has appointed Dan Butzbaugh as global parametric practice leader, the firm told Parametric Insurer. Exclusive: FloodFlash CEO Rimmer exits following NormanMax acquisition FloodFlash co-founder and chief executive Adam Rimmer has exited the parametric flood MGA following its acquisition by NormanMax, according to people familiar with the matter. Bessé's Chambolle to lead emerging risks unit French broker Bessé has created a new dedicated unit to develop new risk transfer solutions for emerging risks, led by Joran Chambolle. Demex names Anderson CEO in trio of senior promotions Parametric severe convective storm (SCS) specialist Demex has appointed Michael Anderson as CEO, the company said as it announced three senior promotions on Tuesday. MS Re appoints Tüller and Iturrioz as lead underwriters for agriculture MS Reinsurance has appointed Marc Tüller and Ramiro Iturrioz as lead underwriters in its agriculture underwriting team, the Switzerland-based reinsurer announced on LinkedIn. Exclusive: NormanMax hires Munich Re’s Leckie as FloodFlash managing director Parametric MGA FloodFlash, acquired by NormanMax earlier this year, has hired Munich Re’s John Leckie as managing director. Former Price Forbes Re director Griffiths joins NormanMax as chief revenue officer Parametric specialist NormanMax has hired Nick Griffiths, previously a director in Price Forbes Re's senior leadership team, as its new chief revenue officer, Griffiths said in a LinkedIn post on Thursday. Parametric weather specialist Vaisala hires Descartes' Schönach Vaisala has hired Lukas Schönach from Descartes Underwriting as the environmental measurement firm expands its weather risk transfer team. Startup broker LIRG hires Dinkelacker as CFO LIRG, the specialty (re)insurance brokerage and adviser launched by former NormanMax co-founder Mark Groenheide in July, has appointed Kurt Dinkelacker as its chief financial officer. Aon hires Blue Marble's González as head of climate parametrics Aon has appointed Nicolás González, previously head of Latin America at Blue Marble, as head of climate parametrics, González said in a LinkedIn post on Friday. Descartes Underwriting hires Allianz's Bardy as CFO Parametric specialist MGA and insurer Descartes Underwriting has appointed Sébastien Bardy to the new role of chief financial officer, it said on Tuesday. Atrium adds Byrns-led team to enter weather and climate market Atrium has entered the weather and climate insurance market after appointing a team led by parametric specialist Ed Byrns, who previously underwrote weather risks at Brown & Brown and Chaucer. Digital outage MGA Parametrix to expand into cyber and tech E&O with At-Bay's Perdiguerra Parametrix, an MGA providing parametric covers for technology downtime, has hired Sandy Perdiguerra from At-Bay to lead its expansion into the cyber and technology errors and omissions markets. Descartes promotes Qin to head of Asia Pacific Parametric specialist Descartes Underwriting said it has promoted Ben Qin to head of Asia Pacific and WeeBeng Seow to acting head of Southeast Asia. CelsiusPro hires Allianz's Ennadifi as CUO in latest London expansion Isa Ennadifi, previously head of ESG and sustainability solutions for alternative risk transfer at Allianz Commercial, has joined parametric specialist CelsiusPro as chief underwriting officer, the company said in a LinkedIn post. Oko co-founder Lokhandwalla departs as startup hit by USAID cuts secures new funding Climate insurance startup Oko has received funding to continue operations after its projects were hit by cuts at the U.S. Agency for International Development, its departing co-founder Shehzad Lokhandwalla said in a LinkedIn post on Thursday. Descartes hires Coface's Martin in latest move into credit risk insurance Descartes Underwriting has hired Coface's Hélène Martin, a source close to the company told Parametric Insurer, in the latest indication that the parametric specialist is preparing to enter the credit risk insurance market. Parametric broker Bassett joins Marsh McLennan from Price Forbes Re Hannah Bassett, previously a parametric broker at Price Forbes Re, has joined Marsh McLennan, according to a LinkedIn update on Thursday. Exclusive: Groenheide leaving NormanMax to launch specialty platform Lightspeed Insurance & Risk Group NormanMax co-founder Mark Groenheide is leaving the parametric-focused (re)insurer to launch cat-focused (re)insurance and advisory platform Lightspeed Insurance & Risk Group (LIRG), targeting underserved and catastrophe-exposed segments of the U.S. market. 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